Quotex Philippines Review

Quotex broker was launched by Awesomo LTD, a company based in Saint Vincent and the Grenadines. Founded in 2020, the company operates under the jurisdiction of this island nation in the Caribbean. The broker platform offers binary options trading, allowing users to predict changes in the price of various assets and make profits based on their predictions.

Quotex in the Philippines has garnered a considerable amount of attention, with mixed reviews from users. As a binary options trading platform, Quotex broker is appreciated for its user-friendly interface and wide range of assets to trade. It offers a variety of features that make trading easier and more efficient for both beginners and experienced traders. Moreover, the platform provides 24/7 customer support, which is highly appreciated by Filipino traders. 

Account Types

Quotex is one of the popular online trading platforms that people from the Philippines and around the world use for trading binary options. It offers various types of accounts with different features and benefits to cater to diverse trading needs and preferences. Here are the account types that Quotex offers in the Philippines and the minimum deposit required for each:

  • Standard Account: This is the basic account type that Quotex offers. It is suitable for beginners and those who are new to binary options trading. The standard account comes with various features and tools to help users get started with trading. The minimum deposit required to open a standard account with Quotex is $10.
  • Pro Account: This account type is designed for experienced traders. It offers more advanced features and tools compared to the standard account. The Pro Account provides users with access to a wider range of assets for trading, additional educational resources, faster withdrawal times, and priority customer service. To open a Pro Account, a user needs to deposit a minimum of $1000.
  • VIP Account: This is the most premium account type that Quotex offers. The VIP account is designed for professional traders and those who trade in large volumes. It comes with all the features of the Pro Account along with additional benefits such as personal account management, risk-free trades, trading signals, and access to exclusive VIP webinars and events. The minimum deposit required to open a VIP account with Quotex is $5000.

It’s worth noting that the minimum deposit amounts for each account type may vary depending on the payment method used. Also, while higher-tier accounts offer more benefits, they involve higher risks. Therefore, traders should consider their experience level, trading goals, and risk tolerance when choosing an account type.

Quotex Philippines FREE Demo Account

Quotex demo account that comes with a range of features and advantages. This account type is designed to provide potential users with an insight into the platform’s functionalities and the dynamics of online trading. Here are some of the key features and advantages that come with this demo account:

  • Risk-Free Trading Experience: The demo account allows you to practice trading strategies without any risk of losing real money. It’s an excellent way for beginners to learn about the markets and gain confidence before they start live trading.
  • Access to Real-Time Market Conditions: Users can experience real market conditions with the demo account. This means that you can practice trading strategies under real-world scenarios, thus gaining practical experience.
  • Free Credits: The Quotex demo account comes with free virtual funds. These can be used for practicing trades and exploring the platform’s features.
  • Full Access to Trading Tools and Features: The demo account allows users to access all the tools and features available on the Quotex platform. This includes various types of charts, technical analysis tools, and various asset classes.
  • Easy Transition to Live Trading: Once you feel comfortable with the platform and your trading strategy, transitioning to a live account is straightforward. No need to adjust to new features or tools, as the demo and live account are almost identical.
  • 24/7 Customer Support: Even while using the demo account, you will have full access to the customer support team. They are ready to assist you with any issues or questions you might have about the platform.
  • Personalized Learning: The demo account allows users to learn at their own pace. Unlike a live trading scenario, there’s no pressure or urgency, which makes it an ideal learning environment.

Quotex Philippines Tradeable Assets

The Quotex platform has made a notable expansion in the Philippines. This has opened up a myriad of financial assets that are now tradeable for Filipino investors. The platform allows users to trade in various types of financial instruments.

  • Cryptocurrencies: Quotex broker in the Philippines offers the opportunity to trade in various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and many others. This provides Filipinos with an opportunity to invest in digital currencies, which have proven to be lucrative investments in recent years.
  • Stocks: Quotex trading users in the Philippines can also trade in stocks from some of the world’s most prominent companies. This includes tech giants like Apple, Amazon, and Google, among others.
  • Commodities: The platform also offers the opportunity to trade in commodities. This includes trading in precious metals like gold and silver, as well as oil.
  • Indices: Quotex also offers trading in indices. This includes some of the most significant indices globally, such as the Dow Jones, S&P 500, and NASDAQ.
  • Forex: For those interested in forex trading, Quotex in the Philippines also provides a platform for trading in various currency pairs.

By offering these tradeable financial assets in the Philippines, Quotex has provided Filipino investors with more opportunities to diversify their investment portfolios and potentially reap substantial profits. However, as with any investment, it’s essential to thoroughly research and understand the risks associated with trading these assets.

Quotex is legal in the Philippines

How to Start Trading with Quotex Philippines

  • Register for an Account: The first step is to visit the official website and create your Quotex Login. This involves providing your email address and creating a password. Ensure that the details you provide are accurate to avoid future issues with your account.
  • Verify Your Account: After registering, you’ll need to verify your account. Quotex will send a confirmation email to the address provided. Click on the link in the email to confirm your account.
  • Deposit Funds: The platform provides several deposit options, including credit/debit cards, and e-wallets like Skrill, Neteller, and cryptocurrency. Choose the one that’s most convenient for you. The minimum deposit amount is $10, with the maximum amount varying depending on the method used.
  • Understand the Platform: Before you start trading, take some time to understand how the Quotex platform works. This will involve learning the different features available, how to place trades, and how to manage your account. The platform also provides educational resources to help you understand trading binary options.
  • Start Trading: Once you’ve understood the platform and how it works, you can start trading. Choose the asset you want to trade, predict whether its price will go up or down, and enter the amount you want to invest. If your prediction is correct, you’ll earn a profit.
  • Monitor Your Trades: After placing your trades, ensure to monitor them regularly. This will allow you to track your profits and losses and make necessary adjustments to improve your trading strategy.
  • Withdraw Profits: Finally, you can withdraw your profits. Quotex provides several withdrawal methods, including bank transfers and e-wallets. The withdrawal process is usually quick, but it may take up to 5 business days depending on the method used.

Quotex trading Philippines

Quotex Philippines: Deposit Options

Quotex Philippines fund deposit options have different methods through which you can deposit funds into your Quotex trading account if you are based in the Philippines. Here are some potential options, although available options may vary:

  • Debit or Credit Card: Quotex trading platform may accept various cards such as Visa, MasterCard, or American Express.
  • Bank Transfer: You can deposit money into your Quotex account directly from your bank account.
  • E-wallets: Quotex may also accept deposits from certain e-wallets like PayPal, Neteller, Skrill.
  • Cryptocurrencies: Quotex might also accept cryptocurrencies like Bitcoin or Ethereum for deposits.

Philippine traders can deposit to their Quotex account using local deposit methods and wallet services. The local deposit methods in the Philippines include Banks (RCBC Online Banking, Maybank, Unionbank, BPI, PSBank, etc.) and local E-wallets (GCash, GrabPay, Coins.ph), Cryptocurrency, and Bank cards.

As for the minimum deposit, it generally depends on the platform’s policies and the deposit method chosen. Typically, the Quotex minimum deposit is around $10, but it may vary for users in the Philippines. Users are advised to check the platform’s guidelines or contact customer support for the most accurate information. Please note that any transaction may be subject to fees depending on the chosen deposit method.

Quotex Local Deposit Philippines

Withdrawal Options

Here, we will be discussing the fund withdrawal options, Quotex minimum withdrawal, and fees associated with Quotex Philippines.

  • Fund Withdrawal Options: Quotex broker provides several options for withdrawing funds from your account. These include bank transfers, credit and debit card withdrawals, and e-wallet options. The e-wallet options often include popular services such as Skrill, Neteller, Perfect Money, and others. Local e-wallets are available as well like Gcash, GrabPay, and Coins.ph.
  • Minimum Withdrawal: The minimum amount that can be withdrawn from a Quotex account tends to vary depending on the withdrawal method chosen. For instance, the minimum withdrawal for bank transfers may be different from that of e-wallets. Usually, the minimum withdrawal amount is around $10, but it’s always best to check the specific terms and conditions of Quotex Philippines and the chosen withdrawal method.
  • Fees: The fees associated with withdrawing funds from your Quotex account can also vary depending on the method of withdrawal. Generally, Quotex does not charge a fee for withdrawals. However, it’s important to note that your bank or e-wallet provider might charge a fee for receiving funds or converting currencies. It is recommended to consult with your bank or e-wallet provider to understand any potential charges.

In summary, Quotex offers a variety of withdrawal methods to its traders in the Philippines with a reasonable minimum withdrawal amount. While the platform itself may not charge withdrawal fees, users should be aware of any potential charges by their chosen withdrawal provider. As always, users should read the terms and conditions associated with withdrawals carefully to fully understand the process and any potential costs.

Quotex Philippines: TRading Platforms

Quotex Philippines Desktop App

Desktop App

Quotex offers a desktop application specifically designed for traders in the Philippines. This application provides a user-friendly interface and a wide variety of tools to assist traders in making informed decisions. It is compatible with various operating systems and provides real-time market data, advanced charting tools, and a host of other features to facilitate effective trading. The Quotex download link can be accessed on the broker’s official website. The following are the features available in the Quotex Philippines desktop app, web platform, and the mobile app.

Technical Indicators

The Quotex platform comes with a broad array of technical indicators that traders can use to analyze market trends and make predictions about future price movements. These indicators include moving averages, Bollinger bands, RSI, MACD, and many more. They help traders to identify trading opportunities and make more accurate predictions.

News and Analysis

The platform also provides real-time news updates and market analysis. This feature is especially useful for traders who rely on fundamental analysis to make their trading decisions. The news and analysis provided by Quotex cover a wide range of topics, including economic events, market trends, and changes in financial policies.

Fundamental Analysis

In addition to technical analysis, Quotex also supports fundamental analysis. Traders can access a wealth of information on various financial instruments, including their historical performance, current market conditions, and prospects. This information can help traders identify long-term investment opportunities and make informed trading decisions.

Mobile App

For traders who prefer to trade on the go, Quotex offers a mobile trading app. This app is compatible with both iOS and Android devices and provides all the features available on the desktop application. It allows traders to monitor their positions, execute trades, and access market news and analysis from anywhere at any time.

Quotex Philippines Mobile App

Customer Support

Quotex offers robust customer support services in the Philippines, ensuring that clients receive the assistance they need promptly and efficiently. Traders can communicate with customer support directly through the platform interface by submitting a ticket or using the live chat option which is operational 24/7. This ensures that customers can access support at their convenience, regardless of their time zone or schedule. Quotex’s customer service team is well-trained and knowledgeable, capable of handling a wide range of inquiries, from technical issues to account management and trading assistance. The support services work professionally to help customers well. Clients can also send support requests by filling out an online form or by sending an email to support@quotex.io.These services reflect Quotex’s commitment to providing excellent customer experiences and building strong client relationships in the Philippines. 

Is Quotex Legal in the PHilippines?

Quotex is legally recognized and permitted in the Philippines. It offers a platform for trading various assets, including commodities, stocks, and cryptocurrencies. The Securities and Exchange Commission (SEC) of the Philippines has not issued any prohibition against the use of such platforms, making it legal for Filipinos to engage in online trading activities via Quotex. However, users are always advised to perform due diligence and ensure the legitimacy of their transactions to avoid potential scams or fraudulent activities.

Quotex is legal in Philippines

Quotex Review in the Philippines – Conclusion

Without any question, Quotex is one of the best brokers in the Philippines and all over the world. With a minimum $10 deposit, you can trade here and explore the potentially profitable marketplace. It allows you to confidently trade a number of assets through digital options. It gives a modern trading platform. It also permits traders from all over the world to access quite 400 different assets. So open a Free Demo Account on Quotex.io to understand its platform in and out. Find out why this broker deserves its recognition together with the leaders within the industry.


Can I Trust Quotex?
Yes, Quotex is a trustworthy trading platform accepting traders worldwide.

Can I use Quotex in USA?
Quotex does not accept USA traders, as mentioned on its website.

Can I withdraw from Quotex without verification?
Quotex requires all traders to verify their accounts before placing any withdrawal request. It is because of international regulations to prevent financial fraud.

Can you withdraw from Quotex without verification?
No, You can not withdraw from Quotex without verification.

Does Quotex payout?
Yes, Quotex pays out the profit or funds in a timely manner.

How do I deposit money into Quotex?
You can use your credit or debit card, wallets, cryptocurrencies, and some local deposit methods based on your country to deposit money to your trading account.

How long does it take to get a withdrawal from Quotex?
Quotex processes the withdrawal request on the same day. However, it may need up to 3 to 5 days to reach your account, depending on the payment method used.

How long does it take to get money out of Quotex?
It is processed on the same day. It may take up to 5 days, depending on the type of withdrawal methods used.

Is Quotex a good broker?
Yes, Quotex is a good broker regarding trust, payout, transparency, and customer service.

Is Quotex a legit broker?
Quotex is a legit broker with its address Maxbit LLC. First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.

Is Quotex trusted?
Yes, Quotex is one of the most trusted brokers.

Where is Quotex located?
Quotex has its registered address in St. Vincent and Grenadines.

Which is better Quotex or Binomo?
Quotex outperforms Binomo in several aspects. Quotex is better.

Who is the owner of Quotex?
Maxbit LLC owns Quotex.